Title
Resolution authorizing an emergency appropriation in the County Radio System fund for $5,944.82 for remaining expenses.
Staff Summary
• The proceeds in this fund can only be spent on allowable project expenses and debt service.
• This will allow for the orderly closeout of the fund.
• This will pay for $5,855 of maintenance costs and $89.92 of debt expenses.
Body
Whereas, the County Board issued debt in 1999 for the purpose of funding radio improvements;
Whereas there is $5,944.82 remaining in the fund that is an accumulation of interest revenue that has not been previously budgeted;
Whereas, these funds can only be spent on qualified project expenses or debt service and an emergency appropriation is necessary to spend the final cash remaining in the fund for the above stated purpose.
NOW, THEREFORE, BE IT RESOLVED, by this County Board of Lake Countly, Illinois, that an emergency appropriation is need as follows:
410-5200010-72240 $5,855.00
410-5200010-79920 89.82
DATED at Waukegan, Illinois, on this 18th day of November, A.D., 2008.